Prudential Financial Board of Directors Elects Andrew Sullivan as Next CEO
Prudential Financial, Inc. (NYSE:
PRU) today announced that the Board of Directors has appointed Andrew Sullivan as its next CEO, effective March 31, 2025. Sullivan, who currently serves as executive vice president and head of International Businesses and Global Investment Management, will succeed Charles F. Lowrey. Lowrey will remain as Executive Chairman of the Board for 18 months, working with the Board and supporting and advising Sullivan.
PGIM Closed-End Funds Declare Distributions for December 2024, January, and February 2025
PGIM High Yield Bond Fund, Inc. (NYSE:
ISD), PGIM Global High Yield Fund, Inc. (NYSE:
GHY) and PGIM Short Duration High Yield Opportunities Fund (NYSE:
SDHY) declared today monthly distributions for December 2024, and January and February 2025. The distribution amounts and schedule for each fund appears below:
Prudential Financial Completes Integration with LPL Financial Platform, Delivering Experience Upgrade for its Retail Arm, Prudential AdvisorsNEWARK, N.J. and SAN DIEGO, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Prudential Advisors, the retail arm of Prudential Financial, Inc. (NYSE:
PRU) and LPL Financial Holdings Inc. (Nasdaq: LPLA) finalized today the launch of their strategic relationship, first announced in August 2023.
Prudential appoints Jacques Chappuis as president and chief executive officer of PGIM
Prudential Financial, Inc. (NYSE:
PRU) announced the appointment of Jacques Chappuis as president and CEO of PGIM, its $1.4 trillion global investment management business, effective May 1, 2025.
Prudential Financial Declares Quarterly Dividend on Common Stock
Prudential Financial, Inc. (NYSE:
PRU) announced today the declaration of a quarterly dividend of $1.30 per share of Common Stock, payable on December 12, 2024, to shareholders of record at the close of business on November 19, 2024.
Prudential Financial, Inc. Announces Third Quarter 2024 Results
Prudential Financial, Inc. (NYSE:
PRU) today reported third quarter results. Net income attributable to Prudential Financial, Inc. was $448 million ($1.24 per Common share) for the third quarter of 2024, compared to a net loss of $802 million ($2.23 per Common share) for the third quarter of 2023. After-tax adjusted operating income was $1.260 billion ($3.48 per Common share) for the third quarter of 2024, compared to $1.332 billion ($3.62 per Common share) for the third quarter of 2023.
Prudential Financial, Inc. to Announce Third Quarter 2024 Earnings; Schedules Conference Call
Prudential Financial, Inc. (NYSE:
PRU) will release its third quarter 2024 earnings on Wednesday, October 30, 2024, after the market closes. The earnings news release, the financial supplement, and related materials will be posted on the company’s Investor Relations website at investor.prudential.com.
PGIM partners with iJoin to expand access to PGIM RetireWell™ Managed Accounts
PGIM,1 the $1.33 trillion global investment management business of Prudential Financial, Inc. (NYSE:
PRU), and iJoin, a leading retirement plan technology innovator, have announced that the PGIM RetireWell™ Managed Accounts — a highly personalized offering — will soon be available to the growing list of iJoin-enabled recordkeepers through its Managed Account Program (MAP) marketplace. This integration leverages the power of the PGIM RetireWell™ Advice Engine in combination with iJoin’s goals-based user experience, portfolio allocation technology, and a plan advisor’s investment lineup to enable a more holistic retirement planning journey for plan participants.
Prudential Financial introduces Stop Loss Insurance
Prudential Financial, Inc. (NYSE:
PRU) has introduced a Stop Loss Insurance product aimed at helping protect companies with self-funded employee medical plans against catastrophic medical claim payouts.
PGIM survey: Investors to continue risk-on appetite in 2025, despite geopolitical uncertaintyA new survey from PGIM, the $1.33 trillion global asset management business of Prudential Financial, Inc. (NYSE:
PRU),* finds that amid trade tensions between the U.S., Europe and China, major elections in over 70 countries this year, military conflicts, and structural changes in the global economy, more than half of top institutional investors (56%) say the threat level to their investments from geopolitical risk is their top concern. Even so, one-third plan a shift to higher-risk investments in 2025.
Recession or Not, These 3 Stocks Are WinnersThree stocks stand out to show investors where the safety and decent growth can be found, no matter whether the economy goes into recession or not
PGIM Closed-End Funds Declare Distributions for September, October and November 2024
PGIM High Yield Bond Fund, Inc. (NYSE:
ISD), PGIM Global High Yield Fund, Inc. (NYSE:
GHY) and PGIM Short Duration High Yield Opportunities Fund (NYSE:
SDHY) declared today monthly distributions for September, October and November 2024. The distribution amounts and schedule for each fund appears below:
Prudential to Fulfill $221 Million in Retirement Promises for Sound Retirement Trust in Industry’s First Multiemployer Pension Risk Transfer
The Prudential Insurance Company of America has been selected in an industry-first multiemployer plan pension risk transfer (PRT), to fulfill retirement benefit promises for the Sound Retirement Trust, a Seattle-based joint labor-management board of trustees that provides grocery workers of contributing employers with retirement benefits.
The Right Resources at the Right Time: Introducing Prudential’s Enhanced Employee Well-Being Solutions at the Core of Prudential’s Group Life, Disability and Supplemental Health Offering
Prudential Group Insurance has enhanced its well-being program with the launch of a digitally accessible hub, offering a new access point to solutions and strategic partnerships that are aligned with the company’s Life, Absence and Disability products.
Prudential Financial to Reinsure $11B Guaranteed Universal Life Block with Wilton Re
Prudential Financial, Inc. (NYSE:
PRU) announced today an agreement to reinsure a portion of its guaranteed universal life block with Wilton Re, resulting in approximately $350 million of expected proceeds, post-closing.
Prudential Financial launches Momentum IUL, a new life insurance product with power to adapt to life’s changes
Prudential Financial, Inc., has launched Prudential Momentum IUL℠, a new indexed universal life product issued by Pruco Life Insurance Company and Pruco Life Insurance Company of New Jersey (in NY) that provides the financial resiliency in growth and protection that customers need to withstand changing life events.
Prudential Financial, Inc. to Participate in 2024 KBW Insurance Conference; Live Webcast Available
Prudential Financial, Inc. (NYSE:
PRU) will participate in the 2024 KBW Insurance Conference on Wednesday, September 4, 2024. On that day at approximately 10:50 a.m. ET, Charles Lowrey, chairman and CEO, will participate in an analyst-led fireside chat.
Prudential Financial Declares Quarterly Dividend on Common Stock
Prudential Financial, Inc. (NYSE:
PRU) announced today the declaration of a quarterly dividend of $1.30 per share of Common Stock, payable on September 12, 2024, to shareholders of record at the close of business on August 20, 2024.
Prudential Financial, Inc. Announces Second Quarter 2024 Results
Prudential Financial, Inc. (NYSE:
PRU) today reported second quarter results. Net income attributable to Prudential Financial, Inc. was $1.198 billion ($3.28 per Common share) for the second quarter of 2024, compared to $511 million ($1.38 per Common share) for the second quarter of 2023. After-tax adjusted operating income was $1.234 billion ($3.39 per Common share) for the second quarter of 2024, compared to $1.142 billion ($3.09 per Common share) for the second quarter of 2023.
PGIM Private Capital Provides $7.5B of Senior Debt and Junior Capital Globally in 1H 2024
PGIM Private Capital provided $7.5 billion of senior debt and junior capital to more than 130 middle-market companies and projects globally in the first half of 2024. PGIM Private Capital is a source of private debt for public and private companies and is the private capital arm of PGIM, the $1.34 trillion global investment management business of Prudential Financial, Inc. (NYSE:
PRU).
Medallia Client Prudential Financial Earns Customer Experience Program Award
Medallia, Inc., the global leader in customer and employee experience, today announced that long-standing client Prudential Financial, an American Fortune Global 500 and Fortune 500 company, is this year’s recipient of Forrester’s “Customer-Obsessed Enterprise Award.” The award recognizes organizations that place customers at the center of their leadership, strategy, and operations to deliver outstanding CX and accelerate business outcomes.
Federman & Sherwood Investigates Prudential Financial for Data Breach
The law firm of Federman & Sherwood has initiated an investigation into Prudential Financial with respect to their recent data breach. The incident occurred on February 4, 2024; Prudential Financial acted the following day. Alphv/BlackCat ransomware group claimed responsibility for the attack. The affected information varies by individual, but may have included: names, driver’s license numbers and other personal information.
Prudential Financial, Inc. to Announce Second Quarter 2024 Earnings; Schedules Conference Call
Prudential Financial, Inc. (NYSE:
PRU) will release its second quarter 2024 earnings on Thursday, August 1, 2024, after the market closes. The earnings news release, the financial supplement, and related materials will be posted on the company’s Investor Relations website at investor.prudential.com.
Prudential Financial releases 2023 Sustainability Report
Prudential Financial, Inc. (NYSE:
PRU) today published its 13th consecutive annual Sustainability Report, providing a comprehensive overview of the company’s efforts to deliver on its purpose and create sustainable value for the customers, clients, shareholders, employees and communities it serves.
